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In this episode, we ask:
- Is this what you expected?
- What happens when you want to buy out your partners?
- Who is Philip Harris?
- How did Mark and Philip meet?
- What was Philip’s first memory of real estate and real estate investing?
- What about commercial real estate?
- What about residential real estate?
- What is Philip’s background?
- What did Philip learn from mentors?
- Where do you get your energy from?
- How did Philip learn about infinite banking?
- What about syndication?
- How does Philip engage infinite banking / the Bank on Yourself® concept to buy real estate?
- How is Philip “syndicating on himself”?
- What is syndication?
- What are the responsibilities?
- What about passive vs. active?
- How did Bank on Yourself® factor in to Philip’s strategy in the earlier years?
- What are the additional benefits?
- Why is this a good fit for Philip?
- What are the headaches?
- How does Philip’s engineering expertise drive his interest in whole life insurance?
- How is boring actually exciting?
- What are the goals?
- What are the limits?
- What about income replacement?
- What about diversifying into various property types?
- What did Philip realize?
- What about eliminating the lender?
- Why turn to a lender?
- Will Philip become the lender for other borrowers?
- What advice does Philip have?
- What is prosperity?
- Would you like to reach out to Philip at philip_harris@terrabonainc.com?
- Would you like to join the Not Your Average Financial Community?
- What could you do?
Philip Harris, a native of Texas, leveraged a B.S. in Computer Science & Engineering and MBA in Finance into a corporate career of 25 years in Computer Engineering and Support as well as Executive Management. Retiring in 2013, he began pursuing a new career as a commercial real estate investor, after studying under several mentors. Philip initially syndicated three multifamily deals but has since chosen to pursue his fourth (and soon-to-be fifth) deals on his own using a self-banking system and benefits from that approach.
